Kingdom Equities Acquires Astoria Multifamily For $3.5M

The multifamily property located at 34-23/27 43rd Street in Astoria was recently sold. The sale was facilitated by Marcus & Millichap on behalf of the seller, Antonio Sulcis, to the buyer, Kingdom Equities represented by Dom Casamento. The transaction took place on 08/02/2022.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $3,500,000
• Number of Units: 12
• Price per Unit: $291,666
• Square Footage: 5,000
• Price per Square Foot: $700
• Address: 34-23/27 43rd Street, Astoria
• Market: Astoria

This transaction showcases the ongoing demand for multifamily properties in the Astoria market. The involvement of Marcus & Millichap as the broker further indicates the significance and expertise required to facilitate such deals.